Ireland consulting landlords on future taxationMake Text Bigger
Having tried taxing landlords to the wall, then realising tenants couldn’t afford their homes after rents rose by up to 50%, it seems Ireland has woken up to the invaluable service provided by the PRS.
A key highlight from the article reads: “The consultation document asks whether a tax relief comparable to the reliefs for pension investments should be considered for investments in, or income from, residential rental property. It also seeks feedback on whether improved deductibility for rental expenses would make a material difference to landlords, and whether a relief from capital gains tax on the disposal of a long-term rental property in the future would encourage landlords to remain in, or enter, the market at present. In addition, the Government would like to know if there are tax measures that would encourage vacant residential property owners to enter the rental market.”
Perhaps we should highlight this to our government to save them the time when they make the same realisation here in a few year’s time?
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